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Which of the following are the principles of risk management? Each correct answer represents a complete solution. Choose three.
Correct Answer: A,B,D
Section: Volume B Explanation: The International Organization for Standardization (ISO) identifies the following principles of risk management. Risk management should: * create value * be an integral part of organizational processes * be part of decision making * explicitly address uncertainty * be systematic and structured * be based on the best available information * be tailored * take into account human factors * be transparent and inclusive * be dynamic, iterative, and responsive to change * be capable of continual improvement and enhancement